TradeFTM-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2024-12-12 11:20

Extracto：TradeFTM is an unregulated broker registered in the United Kingdom, offering trading in forex, commodities, stock CFDs, and spot indices with leverage up to 1:500 and spread from 2.4 pips on the Micro account via cTrader platform. The minimum deposit requirement is $200.

Note: TradeFTM's official website - https://tradeftm.com/ is currently inaccessible normally.

TradeFTM Review Summary
Founded	/
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, commodities, stock CFDs, spot indices
Demo Account	/
Leverage	Up to 1:500
Spread	From 2.4 pips (Micro account)
Trading Platform	cTrader
Min Deposit	$200
Customer Support	24/5 support
	Contact form
	Tel: +44 20 8144 1010
	Email: support@tradeftm.com,info@tradeftm.com
	Facebook
	Address: 180, Whitton Road, Hounslow, London, England, TW3 2ES
	130 Old Street, London, England, EC1V 9BD

TradeFTM is an unregulated broker registered in the United Kingdom, offering trading in forex, commodities, stock CFDs, and spot indices with leverage up to 1:500 and spread from 2.4 pips on the Micro account via cTrader platform. The minimum deposit requirement is $200.

Pros and Cons

Pros	Cons
Diverse tradable assets	Inaccessible website
Various account types	Unregulated
Flexible leverage rat	Wide spreads on basic accounts
Commission-free accounts offered	No MT4/5
cTrader platform	High minimum deposit
Multiple payment options	Withdrawal fee charged

Is TradeFTM Legit?

No, TradeFTM is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

What Can I Trade on TradeFTM?

TradeFTM advertises that it offers more than 140 trading products, including forex, commodities (metals, etc.), stock CFDs and spot indices.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stock CFDs	✔
Spot indices	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Min Deposit
Micro	$200
Mini	$500
Gold	$2,000
Professional	$5,000
ECN Classic	$10,000
ECN Gold	$25,000
ECN VIP	$50,000
ECN Elite	$100,000

Leverage

Traders holding different account types can enjoy different maximum leverage ratios, from 1:200 to 1:400. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Account Type	Max Leverage
Micro	1:300
Mini	1:400
Gold
Professional
ECN Classic
ECN Gold	1:200
ECN VIP
ECN Elite

TradeFTM Fees

Account Type	Spread	Commission (Forex)
Micro	From 2.4 pips	❌
Mini	From 2 pips	❌
Gold	From 1.8 pips	❌
Professional	From 1.1 pips	❌
ECN Classic	From 1 pip	$25 per lot
ECN Gold	From 1 pip	$15 per lot
ECN VIP	From 1 pip	$10 per lot
ECN Elite	From 0.6 pips	$15 per lot

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
cTrader	✔	Windows, Mac OS, Web, Mobile devices	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

Deposit Option	Visa, American Express, JCB, DISCOVER, MasterCard, Maestro, Visa Electron, Diners International, PayPal, Skrill, Neteller, Bank Transfer
Withdrawal Option	Visa, MasterCard, Maestro, PayPal, American Express, Skrill, Neteller, Bank Transfer
Min Deposit	$200
Withdrawal Fee - Bank Transfer and credit/debit card	2% + $7.5
Withdrawal Fee - American Express	3% + $7.5
Withdrawal Fee - Skrill and Neteller	1%